Spark Leads Big Data Boom, Researcher Says

The global big data market is poised to explode over the next decade, according to a new forecast, topping an estimated $92 billion by 2026 as new streaming analytics technologies emerge. Market researcher Wikibon said this week it expects the global demand for big data services to grow at a hefty 14.5 percent annual rate over the next decade. It currently pegs the worldwide big data market at about $18.2 billion. In a forecast released at this week’s Strata+Hadoop World event in San Jose, Wikibon also released an assessment of the burgeoning Apache Spark market, asserting: “Spark aims to replace not Hadoop, but the bulk of Hadoop mix-and-match zoo of analytic engines.” Nevertheless, the researcher forecast that the global market for “unified” streaming analytics technology driven largely by Spark adoption…